New Enroll in RBI Grade B New Batch - Starts on May 21

    Question

    Jelly and Belly entered into a partnership, investing

    Rs. 8000 and 6000 respectively. After 3 months, Jelly withdrew Rs. 2500 while Belly invested Rs. 2500 more. After 3 months more, Kelly joins the business with the capital of Rs. 10500. After a year, they obtained a profit of Rs. 13200. By what amount does the share of Belly exceed the share of Kelly?
    A Rs.1200 Correct Answer Incorrect Answer
    B Rs.1800 Correct Answer Incorrect Answer
    C Rs.2400 Correct Answer Incorrect Answer
    D Rs.2200 Correct Answer Incorrect Answer

    Solution

    Total Capital invested by Jelly in a year = 8000 × 3 + 5500 × 9 = 73500 Total Capital invested by Belly in a year = 6000 × 3 + 8500 × 9 = 94500 Money invested by Kelly = 10500 × 6 = 63000 Jelly : Belly : Kelly Capital - 73500 : 94500 : 63000 Profit Sharing ratio 7 : 9 : 6 Profit = 13,200 Difference between Belly’s and Kelly’s share = (9-6)/22×1320= 3/22 ×13200=3×600 =1800

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